you're watching the d.v.d. is coming up ahead as the u.s. sanctions begin to bite you in your company see if they could pull out of iran we find a school and who's ready to take their place in business. that's coming up shortly do stay with us if you can. claim. they make a commitment. they find solutions. they inspire. africa on the road the stories of both people making a difference shaping the nation playing around the continent of africa on the

move the stories about a motivational change makers are taking their destinies into their own hands w.'s new multimedia a serious look on. t.w. dot com africa on the move. the threat of sanctions is sending businesses on the retreat as the u.s. pledges to punish business with iran the likes of. say that. also coming out today is the deadline for a new nafta deal can the u.s. canada mexico. trade agreement. and this is your business update. sanctions are biting and they've not even been imposed yet

trump's threats to reintroduce measures fanning business with iran has spooked companies it was seen as a land of opportunity now a slew of from across the world pulling out leaders are scrambling to shelter european firms from the contagion the prospect of penalties for violating sanctions the loss of financing from u.s. banks and other potential consequences have some european businesses and iran racing to the exit. the world's biggest container ship says it will be winding down its operations germany's biggest insurer said it was preparing to wrap up their two seamen says it's halting new deals with iran and french oil and gas company to it will pull out of a multi-billion gas project if it can't get an exemption to tolls the move would be especially painful for iran that you bring in government had hoped the scale of the project would embolden other international businesses to come to the country but

some companies are already seeking to move into the spaces left by some european firms. petroleum company fi n.p.c. has said it's ready to move in and take over to project. let's find out some more the managing director of the germany writing chamber of commerce michele talk us is joining us now so me how thank you very much for coming in a pleasure donald trump did the right thing putting the safety of the region before greed and business interests well i think it's the wrong target if business supports the solution of political problems if you don't have economical influence it will be more difficult to get political influence and to solve the open questions i think it's simply a wrong answer and if ok so it's time now they say for european businesses to pull out there's no way that they can stay there in iran and at the same time still do business with america well i think already the europeans voiced clear opinion the european not the european companies in order politicians seem to follow this and we

are not ready to obey the orders from the united states in these questions its vision of the european what they are going to do with iran ok the full hour talk now we had a bit of a chat and you said that the big business is it's a very different situation than for medium and small sized businesses why is that and what is the end result of that big difference well for become phonies who have own set ups in the united states for example it's not that difficult for the states simply to put them under pressure our lion's share of exports to iran is machinery and plants and behind these exports a large number of small and medium sized companies a lot of them have limited business with the united states and they definitely will continue to deal with iran ok so what do you businesses need to stay in iran because many of them will be looking at what's going on with the us and

that sanctions are proposing i'm just saying it's too big a risk even if they don't do much business with the us there's just a chilling factor that comes from that well i think what we should have at the beginning. first step is that you makes clear that it's forbidden to adopt these american sanctions is the first thing then we need a clearer channel for the financial transactions we need protections for our banks and last but not least we need somehow a compensation for companies who might get targeted by the united states ok what are the foreign investment opportunities right now in iraq if european businesses want to continue putting their money there where they put it well the rising star of investing possibilities in iran at the moment is renewable energy iran pays higher feed in tariffs than we have been in germany or in europe so solar and wind energy are really fields which makes sense to invest and i'm sure german companies

will be looking out for those opportunities michelle talk us from the germany writing chamber of commerce thank you very much for that thank you rooms and the u.s. has set another countdown taking on another deal now after the deadline for renegotiating the north american free trade agreement ends today a last minute clinching of a deal is unlikely there are still huge differences to be overcome but there are also mixed messages as to what should happen next. mexican car factories are the main bone of contention they manufacture cars using low cost labor and export tariff free to the us where they're sold at high prices the same applies to other goods as well u.s. president donald trump has said nafta has cost hundreds of thousands of american jobs he's now demanding a higher minimum wage in mexico at the moment it's only eighteen hundred pesos a month that's less than one hundred dollars. but there doesn't seem to be an

agreement on the horizon. canadian prime minister justin trudeau talked to donald trump on monday and demanded that he find a solution. there is very much an eminently achievable outcome that will be good for the united states good for canada good for mexico and were very close nafta countries have said today is a deadline to allow time for any deal to pass congress and go into effect on january first mexican presidential elections are also due in july leftist candidate lopez obrador is the front runner but although a self-styled adversary of trump his pick for economy minister is reported as saying the incoming administration would accept a deal struck before the election. it's an economic plans rattling markets setting off alarm bells in capitals across the e.u. at least two anti establishment parties are reportedly close to reaching a deal and seem prepared to exit the euro zone and write off public debt that's

according to a draft proposal made by the huffington post that has according to some of the reports since changed still markets went haywire the populist five star movement wants to spend seventeen billion dollars on increasing welfare payments for the poor likely coalition partner writes leak wants to introduce the low fifteen percent tax rate of income tax that is asking the european central bank to forgive two hundred fifty billion years of debt was also said to be part of the league's draw for. let's talk to donna coppa standing by in frankfort forest so daniel this sounds crazy asking the e.c.b. to write off two hundred fifty billion euros of debt that is a ton is this really a possible scenario possible outcome of all this. well then i don't want to sound impolite but i've talked to many traders here on the trading floor and one was even wondering if they had too much of the great italian primitive all right ryan when

writing this proposal down in their draft collision paper in investors are sure that the european central bank here and frankly it won't even consider this enormous debt relief but let me tell you this is just one issue what is making investors more nervous that it's very likely that we'll have a government in europe's fourth biggest economy very anti european with non realistic ideas about their budget and also missed most likely not able to bring big reforms to their countries that are very much in it because there is so much on the agenda a country that would need urgently a new tax system a new structural reform of their government body reforms of the justin system and finally and finally getting control of the labor market italy is still a country with a very high unemployment rate especially in the south of the country with lots of young people without a job sounds bad we've heard the reports over the past few weeks and months how bad right now is it's economy really doing. well there are lots of problems i just

talked about some and yes the big is certainly this huge debt that the country is having italy is already two point three trillion euros in debt that is more than one hundred and thirty per cent off its g.d.p. the highest ratio anywhere and europe apart from greece that amounts to twenty three percent of total debt of the eurozone which is a lot when you consider that the country only makes up fifteen percent off the euro zone's total economy output but let's talk for example of what their latest g.d.p. figure they were not that bad at the level of last year zero point three percent just on the same level like germany and also france ok a lot of debt and tough times for italy right now donna corp in frankfurt thank you very much the european commission is presenting its ideas for autonomous vehicles today it's already said it will set aside four hundred fifty million euros to build a telecommunications network across europe streets and ethics commission will determine how thomas vehicles should react if it detects an accident is imminent

public transport experts think that autonomous driving will change the flow of traffic in general although the technology is in early stages carmakers from china the u.s. and europe are vying for dominance in the sector meanwhile facebook c.e.o. mark zuckerberg is willing to address the european parliament about the abusive use of data that's according to parliament president and tonio time johnny facebook has admitted to abusing the danger of eighty seven million facebook users are selling it to the now defunct british data analysis for cambridge analytical the data was handed over with out to the company without using permission so the book has also stood before the u.s. senate to answer their questions about the effect. sometimes small businesses have to overcome unusual hurdles on their way to success and one restauranteur in perth australia developed a novel solution to stop his business going to the birds literally waterfront

diners at a restaurant in the western australian city of perth were tired of being harassed by swooping seagulls the owner of the restaurant has now given his customers out of pistoles to keep the birds at best seagulls gathered to scavenge leftovers or wait for patrons to throw them a bite but now it seems the water pistols are not only a tool to keep diners unmolested they are also attracting customers. and that's it for me i'll be back with more business in the next hour until then keep it here on. the move.

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